Dubai villa capital values have surged 32.4% over the past year, with a 2.2% rise in October alone, according to ValuStrat’s October report. Villas in Jumeirah Islands are now three times pricier than in 2021, while top-performing areas include Palm Jumeirah (42.5%), Dubai Hills Estate (33.7%), and Emirates Hills (33.1%). Mudon and Jumeirah Village Triangle saw the smallest gains, with Mudon remaining steady for two months.

Apartment prices grew 1.7% monthly, with a yearly rise of 24.3%. Notable gains were in The Greens (32.4%), Discovery Gardens (30.9%), and Palm Jumeirah (29.9%), while International City and Dubai Sports City showed more modest growth.

The ValuStrat Price Index (VPI) reached 193.8 in October, a 1.9% increase and 28.3% up annually, marking a second consecutive slowdown. Villa values hit 248.5, and apartments 158.1, based on a 2021 benchmark.

Off-plan home registrations rose by 13.1% monthly and 99.7% annually, making up nearly 75% of home sales. Secondary home transactions grew by 11.7% monthly and 30.1% annually, with 21 high-end sales (over AED 30 million) in areas like Palm Jumeirah and Emirates Hills.

Dubai’s real estate boom continues post-pandemic, fueled by demand from high-net-worth individuals seeking stability, long-term investor visas, and a strong non-oil economy, with no signs of slowing.